The Use of Payment Methods for the Settlement of International Liabilities
Abstract
In the case of payments through a letter of credit or collection, there will be a commercial contract between the parties, in which the payment method that will be used will be clearly stipulated, and the exporter will proceed to preparing the set of documents and their transmission. If the factoring is used as a payment method, the factor will proceed to an analysis of the accounts receivable, after which the seller’s accounts receivable will be taken over or not.References
Crăciun Baicu, C (2005). Activitatea bancară şi finanţarea comerţului internaţional (Bank Activity and Financing of International Commerce). Bucharest: Fundaţia Română de Mâine.
Crăciun, P (2010). Bănci, instrumente ÅŸi modalităţi de plată (Banks, Payment Instruments and Methods), Arad: Editura Universităţii â€Aurel Vlaicuâ€.
ICC Uniform Customs and Practice for Documentary Credits, Publication 600. (2007). Paris: Chamber of Commerce.
Negruş, M (2006). Plăţi şi garanţii internaţionale, ediţia a II-a (International Payments and Bonds, 2nd edition), Bucharest: CH Beck.
Revista “Finanţe, Bănci, Asigurări†(Finance. Banks. Insurance magazine), no. 8/September and no. 9/ October 2007
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2014-11-04
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